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An examination of the counterfeit slab epidemic. Scope and advice.
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<p>[QUOTE="Seattlite86, post: 4194980, member: 59737"]Discussing the issues is important. I agree there. Adding photos would certainly help combat counterfeiting, but it will not solve the problem. No argument there either. What I don't agree with is that having a photo somehow makes the coin "safe" to blindly purchase.The OP offered no new information to the discussion, made significant assumptions, downplayed the security of things like RFID chips, and created a conclusion that is so narrow in scope it is meaningless.It's not like any of us would tell anyone to blindly trust any coin or slab placed in front of them, so why PCGS is the only one the OP decided to cast shade at is beyond me. Are we really going to pretend that counterfeiters aren't going to perfect their ability to produce the photographed coin to fool people? Cheap photos may improve things in the short run, but certainly don't solve the problem. </p><p><br /></p><p><br /></p><p>I agree that not having photos makes it harder to verify the coin and slab as genuine. Stating this does not necessarily mean you're attacking a TPG. But let's look at the OP's track record of attacking PCGS, look at the evidence he downplayed (the value of an RFID tag), and the way he underestimates counterfeiter abilities to copy specific, photographed coins. This article lacks substance and does not support its conclusion. </p><p><br /></p><p>The OP implies he would tell new collectors, who lack knowledge in numismatics, who purchase from shady/unknown dealers, who find a deal too good to be true, should blindly trust an NGC slab. This is ridiculous and I don't believe for a second that any of us would give such advice, because it's terrible advice.</p><p><br /></p><p>Stating that someone should be able to blindly trust any slab at all would be a huge compliment. I believe that in our current market, the safest slab is PCGS gold shield. If you find that to be an insult, your glass must be half empty.[/QUOTE]</p><p><br /></p>
[QUOTE="Seattlite86, post: 4194980, member: 59737"]Discussing the issues is important. I agree there. Adding photos would certainly help combat counterfeiting, but it will not solve the problem. No argument there either. What I don't agree with is that having a photo somehow makes the coin "safe" to blindly purchase.The OP offered no new information to the discussion, made significant assumptions, downplayed the security of things like RFID chips, and created a conclusion that is so narrow in scope it is meaningless.It's not like any of us would tell anyone to blindly trust any coin or slab placed in front of them, so why PCGS is the only one the OP decided to cast shade at is beyond me. Are we really going to pretend that counterfeiters aren't going to perfect their ability to produce the photographed coin to fool people? Cheap photos may improve things in the short run, but certainly don't solve the problem. I agree that not having photos makes it harder to verify the coin and slab as genuine. Stating this does not necessarily mean you're attacking a TPG. But let's look at the OP's track record of attacking PCGS, look at the evidence he downplayed (the value of an RFID tag), and the way he underestimates counterfeiter abilities to copy specific, photographed coins. This article lacks substance and does not support its conclusion. The OP implies he would tell new collectors, who lack knowledge in numismatics, who purchase from shady/unknown dealers, who find a deal too good to be true, should blindly trust an NGC slab. This is ridiculous and I don't believe for a second that any of us would give such advice, because it's terrible advice. Stating that someone should be able to blindly trust any slab at all would be a huge compliment. I believe that in our current market, the safest slab is PCGS gold shield. If you find that to be an insult, your glass must be half empty.[/QUOTE]
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An examination of the counterfeit slab epidemic. Scope and advice.
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